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 Income Tax Issues

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GeminiGeek
post Mar 18 2009, 12:23 AM

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QUOTE(babychai @ Mar 17 2009, 09:07 PM)
Bro, eventhough u wan to do accounts by yrself but at the end u must employ a tax agent to help u compute the tax for u.

to do a tax return he/she needs to be qualified under Section 153(3) of the Income Tax Act 1967. that's mean u cant be a tax agent and submit the return for yrself. u need to employ a qualified person are authorised to act on behalf of u for the income tax act purposes.
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You sure about that? I thought this Self Assessment System is all about doing your own computation AND doing your own return?

This post has been edited by GeminiGeek: Mar 18 2009, 12:24 AM
GeminiGeek
post Apr 7 2009, 11:40 PM

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QUOTE(kingadam @ Apr 6 2009, 11:29 PM)
Is there anyway to amend mine submitted form (through internet)?
just found that i forget to deduct the car allowance from the total income....
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You have to write a letter to them and redo your tax computation. Then submit them to the nearest office, and wait for their reply. However, doing amendment usually invites them to do audit on your tax filing. Good luck.

QUOTE(advocado @ Apr 7 2009, 06:54 AM)
Any idea how to sort things out if the company made a mistake by paying more than what they should? I haven't opened my payslip for few months and just realised the mistake they made.

As income tax filing date is close I would like to know how to sort out the numbers. I don't mind paying them back the extra or have deduction in my upcoming payslip but the tax/EPF contribution seems abit complex.

At the end of the day I don't wanna pay extra in Tax & EPF due to the finance departments' error.
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Don't worry about their mistake. Let's say your EPF contribution (your portion) should be RM1,000, but your employer deducted RM1,200, you still can claim RM1,200 relief, because it is their mistake. Just file your tax based on your EA form. Unless you've been paying RM1,200, BUT your EA forms appears that you're only paying RM1,000, if that's the case, go slam the door of the department that prepares your EA form.

QUOTE(g00glesYYl @ Apr 7 2009, 09:49 AM)
Hi, some question of EA form to ask for help:-
Let say,
Part A -  salary is 100
Part B -  dividend & Allowance is 50

then in part F - 2007 bonus is 100 (i does not declare in last yr tax because i got it only at mar 08)

When i declare tax for this yr, i need to declare as 100 + 50 + 50 ?

or just 100 + 50?
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The bayaran tunggakan part? Well, when you do your e-filing, there's a part to declare bayaran tunggakan stuff. Do login to your e-BE and see for yourself.

QUOTE(adriano @ Apr 7 2009, 05:36 PM)
Ya, it should be part time business (no salary but base on commission). My part time business involves traveling expenses and promotion counter/fair expenses. So for this case, for this type of business shall I include in the BE form? I also notice that there is a B form (individual with business), shall i use this?

Also, one person can submit BE and B form together?
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For your case, you have to submit B instead of BE. Declare your salary income in the Penggajian part, and declare your part time business in your Pendapatan Berkanun Perniagaan part. Do fill in the maklumat kewangan perseorangan and fill in your akaun perdagangan & untung rugi if you want to claim the travelling and other related expenses. Since you're earning 100k a year, I would recommend you seek help from Tax Agents.

QUOTE(MakNok @ Apr 7 2009, 05:39 PM)
may i know what about dividend declared by mutual fund where there stated a column "Malaysia Tax"?

how do i get the deduction and fill up the column in income tax?
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Login to your e-BE and use the HK-3.

QUOTE(keeseng12 @ Apr 7 2009, 09:28 PM)
Please help me out with this portion of the e-BE form.

CODE

B. PENGIRAAN PENDAPATAN BERKANUN SEWA
1.1 PENDAPATAN KASAR SEWA                                                _______
TOLAK: Perbelanjaan yang dibenarkan:
i. Perbelanjaan faedah atas pinjaman yang dilakukan       _______
  semata-mata untuk menghasilkan pendapatan sewa
  tersebut
ii. Cukai Taksiran/Pintu                                                  _______
iii. Cukai Tanah                                                             _______
iv. Insurans                                                                  _______
   Perbelanjaan hasil lain
v. Penjagaan dan pembaikan                                         _______
vi. Memperolehi perjanjian sewa                                    _______
1.2 Jumlah perbelanjaan (i hingga vi)                             _______
C. PENDAPATAN BERKANUN SEWA (B1-B2)                               _______


I understood that this is no longer available in BE 2008 form as it has been simplified. What my question is that i have problem in declaring the real amount of rent that i obtained from the house. I need to declare it since the house is bought under my name, right?

The story is like this. This house (it's a flat/apartment) was bought by my parent under my name (more to just using my name to buy the house).
The amount of loan that they need to pay every month is RM311.
They're renting it out for RM500 per month.
The Cukai Pintu is RM140 per every half year.
The Cukai Tanah is RM80 per year.
Maintenance is RM50 per month.

In the new BE 2008 form, in row C4, how should i fill up the Rent/Royalty and Premium box? Please help me out.
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The rental income in your form BE is the net of your annual rental income. Make sure you prepare a rental statement similar to the above for your own record, and just in case they may want to audit your tax filing.

GeminiGeek
post Apr 19 2009, 02:05 PM

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QUOTE(BoltonMan @ Apr 19 2009, 11:54 AM)
ur HR should divide it in the ea form

total basic = 30000
total allowances = 6000

then 6000 - 2400 = 3600 subject to taxable only ...

so ur total earning should be 33600 only

company suppose to deduct it for the employee and not ask employee deduct themself, else what for we need the ea form ?
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Yeah. Some company, when they produce EA, they will write the word "Exempted", just so that you know the amount is exempted. Well, you better confirm it with your HR if you're unsure.
GeminiGeek
post Apr 22 2009, 04:01 PM

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QUOTE(theofys @ Apr 22 2009, 03:43 PM)
If you have two employers, how are you going to file the income tax as i know there is only one column to fill in the employer's no.

Once submit, you can't submit a new one.

Any ideas ?
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Employer's no fill in your current one. Under the "Penggajian" section, total up both of your salary received from both employers.
GeminiGeek
post Apr 27 2009, 11:40 PM

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Dateline for both submission and tax payment is 30th April 2009 for Employees. And by payment, it meant that the tax payment is cleared to LHDN's account by 30th April. Usually, if you bank-in in the afternoon on 30th April, your tax payment considered late already, cos it will only clear to LHDN's account the day after. E-banking I donno lah...

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